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and ironically if you repeal obama care, and i've become fond of this terms, obama care. if you repeal it, what happens, those seniors right away will be paying $600 more in prescription care. they'll now have to pay co pays for basic checkups that could keep them healthier. and the primary beneficiary of that repeal are insurance companies that are estimated to gain billions of dollars back when they aren't making seniors any healthier, and i don't think that's the right approach when it comes to making sure that medicare is stronger over the long term. >> we'll talk about -- specifically about health care in a moment. do you support the voucher system, governor? >> what i support is no change for current retirees and near retirees to medicare and the president supports taking $716 billion out of that program. >> what about the voucher. >> that's number one. >> all right. >> number two is for people coming along that are young, what i'd do to make sure that we can keep medicare in place for them, is to allow them to either choose the current medicare program or a private
and ironically if you repeal obama care, and i've become fond of this terms, obama care. if you repeal it, what happens, those seniors right away will be paying $600 more in prescription care. they'll now have to pay co pays for basic checkups that could keep them healthier. and the primary beneficiary of that repeal are insurance companies that are estimated to gain billions of dollars back when they aren't making seniors any healthier, and i don't think that's the right approach when it comes...
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let me tell you exactly what obama care did. number one, you've got health insurance, it doesn't mean a government takeover. you keep your own insurance. you keep your own doctor. but it does say insurance companies can't jerk you around. they can't impose arbitrary lifetime limits. they have to let you keep your kid on your insurance plan until you're 26 years old. and it also says that you're going to have to get rebates if insurance companies are spending more on administrative costs and profits than they are on actual care. number two. if you don't have health insurance, we're essentially setting up a group plan that allows you to benefit from group rates that are typically 18% lower than if you're out there trying to get insurance on the individual market. now, the last point i would make before -- >> two minutes is up, sir. >> no. i think i had five seconds before you interrupted me, was that the irony is that we've seen this model work really well. in massachusetts. because governor romney did a good thing. working with d
let me tell you exactly what obama care did. number one, you've got health insurance, it doesn't mean a government takeover. you keep your own insurance. you keep your own doctor. but it does say insurance companies can't jerk you around. they can't impose arbitrary lifetime limits. they have to let you keep your kid on your insurance plan until you're 26 years old. and it also says that you're going to have to get rebates if insurance companies are spending more on administrative costs and...
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the one you see is on obama care. generally obama care is perceived to be positive for hospitals. that's because more insured people, means fewer uninsured people at hospitals. this is a no-brainer and hospitals have benefitted from the perception that it's going to continue. obama care is considered to be negative for hmos because employers and employees might gravitate to cheaper exchange programs that are out there. this is a little troeshl yochl u get more people coming in to the health care roles but generally that's been the trend. if you take this and think this is not as likely as people thought because governor romney did well in the united states, flip it around. and see what hospitals. hospitals have been up. take a look at what the hospitals are doing. ire all to the downside. hmos which have not been doing well or outperforming the hospitals recently, take a look at what they've doing today. all the hmos are to the upside. elsewhere it gets a little bit murkier. in energy, obviously all of them are in favor of as much energy development, both of them, as possible. but
the one you see is on obama care. generally obama care is perceived to be positive for hospitals. that's because more insured people, means fewer uninsured people at hospitals. this is a no-brainer and hospitals have benefitted from the perception that it's going to continue. obama care is considered to be negative for hmos because employers and employees might gravitate to cheaper exchange programs that are out there. this is a little troeshl yochl u get more people coming in to the health...
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if president obama is re-elected they expect consumer staples and health care to get a boost. if romney wins, those will be the big winners. stephanie link, size this up. you've seen a bullback your way. . there's a lot of puts and gives here. it's very, very early. >> it's only a month out. >> place your bets. >> the way we're placing our bets is looking at fundamentals. you can't play it on who's going to win, who's not going to win. we don't know. it's too recall. i think, if you look at fundamentals and you look at financials for example and regulation, that's positive. health care repeal, that's positive. so you find pockets of stocks and ideas, thing in terms of coal and steael, we've been buying. i'm looking at cliff natural resources. that stock is actually cheaper and they're a big producer. i think there are definitely places you can look to, but you have the look and fundamentals and valuations and that's what we're doing. >> i do have a herty report from wells fargo on my desk. let's move to the different sector, the banks. it's such an important sector. the gentle
if president obama is re-elected they expect consumer staples and health care to get a boost. if romney wins, those will be the big winners. stephanie link, size this up. you've seen a bullback your way. . there's a lot of puts and gives here. it's very, very early. >> it's only a month out. >> place your bets. >> the way we're placing our bets is looking at fundamentals. you can't play it on who's going to win, who's not going to win. we don't know. it's too recall. i think,...
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he wants to repeal obama care. >> right. >> he wants to repeal cap-and-trade, dodd frank. he was very vague on what he wants to do. he didn't have a plan at all as to how he's going to pay for any of it. >> jennifer just told you all the things he said on the debate last night. the whole debate was spent attacking mitt romney's agenda which is a great place to be. all i'm saying is this. here's the democrats dilemma now. the country wants a deal. the country wants to see some common ground before we go bankrupt and before the unemployment rate goes back to 10%. what romney said is, i can do it. and you could see obama's body language. he was petulan it, looking down because he knows he couldn't get it done. that by itself crossing the aisle for common ground. don't have to give up your principles. if you call that moderate fine. i'm telling you it's pragmatic. that's what you've got here, a conservative who's pragmatic. >> democrats thinking those are moderate positions we're closer to a deal than we thought we were. >> that's right. >> now what he dead, and i don't think
he wants to repeal obama care. >> right. >> he wants to repeal cap-and-trade, dodd frank. he was very vague on what he wants to do. he didn't have a plan at all as to how he's going to pay for any of it. >> jennifer just told you all the things he said on the debate last night. the whole debate was spent attacking mitt romney's agenda which is a great place to be. all i'm saying is this. here's the democrats dilemma now. the country wants a deal. the country wants to see some...
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explain what you would do with obama care is repealed. how would you replace it? >> it's a lengthy description. >> he repeated that a couple of times that he had a lengthy description. the description he's talking about on his website is 396 words. it's about half the length of an average op ed column. it's not lengthy or specific but he got away with it without today'sing a challenge and that's what you had for a lot of the debate tonight. take what he was talking about in the pre-existing health care plan portion of his health care plan. that would leave about 89 million people without protection for pre-existing conditions most of what's in there is already in there but it sounded like a specific. and that way, the debate felt like an inversion of what we've seen thus far in the campaign which is that obama is i much more specific policy agenda which leads to him getting attacked on specifics. romney is much more vague which gets him attacked more on being vague about what he's actually going to do and tonight romney was able to make i
explain what you would do with obama care is repealed. how would you replace it? >> it's a lengthy description. >> he repeated that a couple of times that he had a lengthy description. the description he's talking about on his website is 396 words. it's about half the length of an average op ed column. it's not lengthy or specific but he got away with it without today'sing a challenge and that's what you had for a lot of the debate tonight. take what he was talking about in the...
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mitt romney says he wants to repeal obama care which takes out the 3.8% and he will keep the capital gains level at 15% for high earners and 0% all together. what that means is the pressure to sell before the end of the year. because this is all going to hit in january. there was a lot of pressure to say, look, realize your gains this year so you don't get taxed at the higher rate. >> exactly. so i think romney's performance last night made people say, hey, maybe i don't have to sell right now. maybe i can keep going. that gives a boost to the market. >> let's bring in kenny right now. also, another reason maybe not to sell is the fact that this market has been kind of teflon coated. it keeps grinding its way higher. if you don't have to sell because of potential tax changes, go with the flow. >> i understand that argument. and as great as the debate was last night -- i thought it was actually a tremendous debate for the country to see. i thought they were both very good but i think romney came out swinging very hard, he caught everybody by surprise. no one had seen that side of him.
mitt romney says he wants to repeal obama care which takes out the 3.8% and he will keep the capital gains level at 15% for high earners and 0% all together. what that means is the pressure to sell before the end of the year. because this is all going to hit in january. there was a lot of pressure to say, look, realize your gains this year so you don't get taxed at the higher rate. >> exactly. so i think romney's performance last night made people say, hey, maybe i don't have to sell...
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president obama and i both care, the difference is, i can fix it, i can get it done. which is implicitly a message about obstruction right? that i'll be a can-do guy in washington, he can get around the filibuster. >> one of the more interesting aspects of the campaign is the fact that mitt romney is someone who's never spent a day working in washington, d.c. yet he has not run a campaign as an outsider attacking the excesses of both parties in washington, d.c. now, i think it's probably too late to start that, but you look at the brands, particularly the republican brand, the congressional brand, it's toxic. there is no reason he had to attach himself to it. so the hour is getting late. he's behind in the polls. he's going to have to make an argument tonight where the middle class of the country, people that are still persuadable in the election say, he gets my issues. he gets my concerns. and he has a plan that i can relate to and i understand, that i find credible, to create economic growth. >> if he did that tonight, it would be a big strategic advantage for him,
president obama and i both care, the difference is, i can fix it, i can get it done. which is implicitly a message about obstruction right? that i'll be a can-do guy in washington, he can get around the filibuster. >> one of the more interesting aspects of the campaign is the fact that mitt romney is someone who's never spent a day working in washington, d.c. yet he has not run a campaign as an outsider attacking the excesses of both parties in washington, d.c. now, i think it's probably...